Search Results

Your search found 22 documents


The Problem that Wasn't : Coordination Failures in Sovereign Debt Restructurings

Author/Editor: Jeronimo Zettelmeyer, Marcos Chamon, Ran Bi.

Release Date:November, 2011

Contrary to widespread expectation, debt renegotiations in the era of bond finance have generally been quick and involved little litigation. We present a model that rationalizes the initial fears and more...



Price: $18.00
Macrofinancial Linkages : Trends, Crises, and Policies

Author/Editor: Christopher W Crowe, Simon Johnson, Jonathan David Ostry, Jeronimo Zettelmeyer.

Release Date:August, 2010

Macrofinancial linkages have long been at the core of the IMF's mandate to oversee the stability of the global financial system. With the advent of the economic crisis, the Fund has drawn on this more...



Price: $35.00
Who's Driving Whom? Analyzing External and Intra-Regional Linkages in the Americas

Release Date:October, 2008

In a global economy beset by concerns over a growth recession, financial volatility, and rising inflation, countries in the Western Hemisphere have been among the few bright spots in recent years. more...



Price: $20.00
A Theory of International Crisis Lending and IMF Conditionality

Author/Editor: Jeronimo Zettelmeyer, Jonathan David Ostry, Olivier Jeanne.

Release Date:October, 2008

We present a framework that clarifies the financial role of the IMF, the rationale for conditionality, and the conditions under which IMF-induced moral hazard can arise. In the model, traditional more...



Price: $18.00
Fiscal Positions in Latin America : Have They Really Improved?

Author/Editor: Jeronimo Zettelmeyer, Ivanna Vladkova Hollar.

Release Date:May, 2008

Fiscal performance in Latin America looks much improved this decade compared to the 1980s or 1990s. Is this a structural improvement or likely to be transitory? This paper answers this question by more...



Price: $18.00
What Makes Growth Sustained?

Author/Editor: Jonathan David Ostry, Andrew Berg, Jeronimo Zettelmeyer.

Release Date:March, 2008

We identify structural breaks in economic growth in 140 countries and use these to define growth spells: periods of high growth preceded by an upbreak and ending either with a downbreak or with the more...



Price: $25.00
The Effect of External Conditions on Growth in Latin America

Author/Editor: Jeronimo Zettelmeyer, Pär Österholm.

Release Date:July, 2007

This paper investigates the sensitivity of Latin American GDP growth to external developments using a Bayesian VAR model with informative steady-state priors. The model is estimated on quarterly data more...



Price: $18.00
Growth and Reforms in Latin America : A Survey of Facts and Arguments

Author/Editor: Jeronimo Zettelmeyer.

Release Date:September, 2006

This paper presents a number of facts about growth in Latin America, and shows how critical correlates of growth have evolved over time. In comparison with other regions, Latin America has more...



Price: $18.00
Strengthening IMF Crisis Prevention

Author/Editor: Jonathan David Ostry, Jeronimo Zettelmeyer.

Release Date:November, 2005

To better fulfill its crisis-prevention mandate, IMF surveillance needs to provide stronger incentives for countries to follow good policies and for markets to avoid boom-bust cycles in capital more...



Price: $15.00
Haircuts : Estimating Investor Losses in Sovereign Debt Restructurings, 1998-2005

Author/Editor: Jeronimo Zettelmeyer, Federico Sturzenegger.

Release Date:July, 2005

This paper estimates bond-by-bond haircuts-realized investor losses-in recent debt restructurings in Russia, Ukraine, Pakistan, Ecuador, Argentina, and Uruguay. We consider both external and more...



Price: $15.00
1 2 3  Next